This 78-Year-Old Tenant Lost ₹5 Crore By Buying The Wrong Property | The Tenant

In this episode of The Tenant, meet Ashok Kumar, a retired professional who has faced significant challenges with his Mumbai apartment rental. After a career with the Shipping Corporation of India and a stalled property purchase, Kumar has been paying INR 1,10,000 per month for a 3BHK apartment in Prabhadevi. Despite spending INR 1.2 crore on rent due to a delayed project, he values the social infrastructure and amenities for his family. Discover the story behind his high-cost rental situation and his future plans to finally own a home.
#realestate #rentalproperty #rentinmumbai #tenant #moneycontrol
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[@rrvasanth2007]

U guys dont leave out ur shoes when u enter any home????? That too, a wet dirty shoe!!!!

[@Mind_Traveller11]

Basics isn't it?? Not some foreigner who doesn't know how it is here..

[@Hey1234Hey]

I love that this is the top comment lmao

[@roshangeorge2127]

It's not your house so you can keep your mouth shut

[@adipandey26]

Very energetic and enthusiast uncle! Very modest living for the family as well.Even after loosing so much and life clearly not going the best way, he is laughing his way easily. Such an inspiration.

[@sriramcan]

I live in a London commuter town with 35 mins into Central London and pay a mortgage of 1100 pounds (roughly 1.2 lakhs per current exchange rate). Mumbai with a below average infrastructure is charging hefty amounts!

[@kishansingh-bn2ew]

Sad & Bad part is not the Rent but the Cash Investment Destruction of ₹ 1.4 crores via a builder at Goregaon property

[@SDFNI3894YR]

for a 78 y.o. uncle, he seems mentaly n physically fit.

[@wizarddon]

Stable income , pension one can live healthy life

[@wizarddon]

Stable income

[@yashkotkar4035]

Even though he's rich, but felt bad over his financial loss Can't imagine a poor/middle class facing similar situation 😔

[@tripcreator87]

This is reality of government sector officers as all the facilities instantly taken off after retirement. I can totally relate seeing my elders getting retired from top notch post of public / government. Hats off to you sir at the age of 78 you are doing great. You maintained so well.

[@Rit799]

That's how it's supposed to be right?

[@lemonginger001]

toh kya benchd tumhe paale jindgi bhar .. hadd hein phle reservation and then spoon feeding .. come join skilled industries like software dev where no reservation is there and only talent survives

[@room4278]

​@@Rit799 victim mentality of these govt. employees and their relatives

[@vkwagh2738]

At least be grateful to govt kam se kam employees ko facilities and job security with high salary deti he. Jinko computer pe print niklana tak nahi atta vo log 1lakh salary le rahe he. And private vale padh likh kar bhi 30k 40k pe atake hue he.

[@UmangJain-xf9vu]

Uncle ko mota pension bhi aata hoga...usapar chup laga gaye...

[@crane71]

This Obsession about Bombay Scottish should stop. I would rent an apartment at a lower rate in Mahim / Matunga and prefer Don Bosco, Matunga school over Scottish, end of the day, they're either going to Ruia/Ruparel or some college in South Mumbai. If not just move to Vile Parle, you'll have more options like Utpal Shangvi, Maneckji Cooper, Chhatrabhuj Narsee. I could clearly see the stupidity/ obsession with Prabhadevi. Side note- I remember paper ads of RNA Exotica (Goregaon), I'm sure he'd have put his kids there in St Johns or Gokuldham/Yashodham.

[@eldiabloindahouse]

There's nothing spectacular about the apartment. Sad state of affairs that such an exorbitant rent is commanded only because of the location

[@aosaeanor]

You dont seem to know Mumbai or areas towards South Mumbai. This rent for a fully furnished house is way too low for a 3 bhk in a location like Prabhadevi. And a spacious flat with good carpet area is an absolute luxury in Mumbai esp towards South Mumbai or even towards North Mumbai.

[@eldiabloindahouse]

@@aosaeanor I'm very well aware as I am born and brought up in Mumbai. And I still maintain that the rents are exorbitant.. considering this is the lower end of the spectrum.. it's still unjustified..zero value for money. High time the city experiences a proper correction in real estate prices. You'll get million dollar homes with your private lagoon in LA for the price of an apartment in SoBo which is poorly connected and overcrowded to the point of exhaustion.

[@yashlahigude2638]

@@eldiabloindahouse True, The prices are totally unjustified. India need a property bubble collapse like in US/China.

[@aloktiwari8456]

It's low rent as per mumbai standards ,in south mumbai,a 3 bhk commands 3 lakhs per month rent

[@SuperGetoverhere]

People paying high rent don't care about the money all they care is location and how far it's from their work location, they earn more than lakh a month, so stop complaining about rent prices, renting home is for the people who have money which they don't want to spend on home EMIs instead they prefer paying same amount of rent for fully furnished home.

[@jayaramprabhu5595]

This gentleman is an inspiration to all of us inspite of facing acute difficulties & hardships in his life. Let God give him strength to withstand all difficulties faced by him.

[@CollinDavis]

Such exuberance at 78. Wow!

[@trekkergal460]

Nothing wrong. Also 6 people are staying

[@parthasawant]

@@trekkergal460 Exuberance is a feeling of being full of energy, excitement, and happiness. Not to be mistaken with 'exorbitant lifestyle', someone who lives a very luxurious lifestyle, often beyond their means, characterized by high expenses and lavish spending.

[@jkarthickraman6182]

Wondering...He is very energetic @ 78Anybody will hire him for a part time or a consulting job

[@9410139247]

Remove your shoes before enter someone home .

[@workplace5639]

That BGM for the video sounds so ironic LOL, as if its an achievement

[@ArandomIndian30]

Lmao

[@kirtira1]

Uncle bought a property in goregoan and living on rent in Prabhadevi. Why???? If that home was built he would have moved to Goregoan. So better rent it there. It will save on your rent.

[@desiborat]

Its really unfortunate and saddening to see people of Ashok Ji's age being pushed into such a helpless situation where in spite of paying for their well being and comfort during old age, they are still not only left hanging but pushed into a corner having no remedy or help from anywhere. Hope he gets his apartment as soon as possible.

[@tejeshwar.p]

Removing shoes just before entering someone's house is the minimum manners in India and courtesy for the elderly person whose house you have visited.

[@HaritAcharya]

Exactly Also the attitude the anchor carries don't know what for is insane

[@TheNishant30]

Bro, ye mumbai hai, floods me sandal beh jati to?

[@HaritAcharya]

@@TheNishant30 very intelligent 🧠🤓

[@godbole2090]

Simple thing is Mumbai is not New york.or geneva The relaity is rich people sucking income of Middle and lower middle class people. The misfortune is people are compelled to pay exorbitant amount. I am not saying propwrty is not good but 1,20,000₹₹ is really excruciating. Simple is Mahool Banao aur logo ko looti not in Mumbai but everywhere. Again i am not criticizing flat but jis tarah se logo.ko.loota ja Raha hai is concering.

[@sandeeppawar1485]

Mumbai needs a massive correction in property and rental prices. Such exorbitant rents only because of the 'location'. How long can you keep ripping off people like this. Something needs to change.

[@mady5647]

Little bit in rent but massive correction of #50% required in avg. apartment-price. Time or price wise corrections are going-on since RERA reforms. Pre-RERA builders were using buyers' funds to buy new land rather than complete/deliver apartments.

[@Rit799]

@@mady5647 yes, but unfortunately buyer demand is there in the city as Migrants keep coming to City.

[@aosaeanor]

Rent way too low for a furnished 3 BHK in Pravbhadevi. That area is towards South Mumbai & rents are upwards of 3 lakhs pm for such a flat . South Mumbai is where most of the the wealthy & influential people live. And that's where the best infra development happens in the shortest possible time. It has some of the best roads, well planned flyovers , undersea tunnel & so much more . Water logging is rare. Towards North Mumbai & Navi Mumbai n beyond rents are low. That's where mostly the working class live . Those are the areas where connectivity to the rest of Mumbai is underdeveloped & overall urban planning is lacking. Roads are bad, traffic congestion n water logging is common, high rise buildings are coming up in clusters & quite randomly often next to narrow roads , Metro work ongoing at snail's pace & its partially constructed pillars are in the middle of main roads .

[@aloktiwari8456]

Keep dreaming,corrections only happens in stock market not in property market

[@rawkerboi]

@@aloktiwari8456 true. Mumbai real estate will never correct. It will just keep on rising

[@enockkayondo9495]

"Good afternoon Mr. Kumar. Oh, this seems like a bright and spacious house". No salutations, no building raport, straight to the business😂

[@rawkerboi]

Vishal next time, please remove your shoes outside.

[@BipinChavan-cq3lz]

People are paying exorbitant EMI/rents in Mumbai and Suburban. Everywhere vertical development is going on without any town planning and all for benefits of builders and politicians. People are living without basic amenities i.e. clean water, clean air and ample of sunlight.

[@ShivamGupta-wf5ni]

Nothing can be worst in life then loosing life long saving can feel what his family must be going through. My father also booked in wrong government soceity in Noida.

[@darshankoradia5829]

Thank you uncleji for sharing your Experience❤ god bless you sir

[@adityaparange6311]

Poor man, sad situation, hopefully it will get resolved soon

[@vimeopictures5170]

On a good note, Uncle looks very handsome and fit!

[@JudithRadonlds]

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[@JudithRadonlds]

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[@JudithRadonlds]

Use her name to quickly conduct an internet search.

[@JudithRadonlds]

SHE’S MOSTLY ON TELEGRAMS APPS WITH HER NAME.

[@JudithRadonlds]

Sophiahaney she’s verified

[@brickPalmerm-ki5er]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience…

[@aadukia]

Rogue builder RNA … I have bought the flat in exotica and didn’t get for last 14 years

[@rahulgaikwad0808]

Still no??

[@bhushandoiphode]

Real estate cannot be trusted in today's times no matter how huge the developer is. Literally any top builder can scam today whether it's a redevelopment project or open market.

[@mydreams8092]

Big salute to Uncle. So active and cheerful at this age inspite of facing heavy loss in his investments

[@ShivamGupta-wf5ni]

Sorry but 1.1 lakhs for this shit. My sister lives in Michigan, USA paying 1500 dollars for 2bhk condo with parking and backard in developed country with per capita Income of 70k. India's real estate bubble needs to be burst. This should not be more than 30k at any cost.

[@meghasaishyam6847]

Absolutely. In hyd for 30k you much bigger ones in hi tech city 😂 . Probably mumbai real estate should get a reality check!

[@naushad911]

If he does get possesion of the goregaon flat, will he actually shift there or continue to stay on rent in Prabhadevi? The 1lac he is paying would easily cover the emi on a new flat in Goregaon...

[@praveenbhat6648]

@vishalbhargava would you mind keeping your shoes out PLEASE

[@wilsonvaldeiro8912]

never buy under construction it's a gamble

[@Spigen2]

Bangalore you will get these amenities in prime area for 60k. poor mumbai waalaas

[@ashudhar]

Sarjapur next to Wipro, cost is 60k for 3 BHK

[@akhilesh5027]

What a nice, decent gentleman. Reminds me of my grandfather. Regards to him.

[@ca.sanjayzanwar]

Editor is sick... Please Avoid music in videos...

[@prashp143]

Mumbai will see major real estate corrections in coming couple decades. I say decades because the middle class will not see it and will act as air for the bubble, for years, before it bursts. Smart ones will see the signs and a lot of flipping will happen.

[@tushar1ish]

Why dont they highlight about the home owner who invested in real estate at right time and now getting 1,10,000 passive income without doing anything

[@tradingwizard562]

Without doing anything 😂 ? . Getting right property and right tenants nowdays is all on God's mercy . U never know , either property goes wrong ( like in Uncle's case ) or tenant goes wrong 😢 . So that passive income itself is hard earned and correct fate is required .

[@tushar1ish]

@@tradingwizard562 agreed but my point was putting real estate down is not fair as equity has its own risks...inhave seen people buying 2 bhk 15 years back for 17 lakhs in pune and now getting 35k monthly rent...give to salaried people who are migrant..high chances you won't face problem with tenant

[@RRBhat511]

The gentleman sounds and looks so much like Javed Akhtar..

[@drm9514]

Villages are empty. Request all the senior citizens who are not working anymore then please your home town or native village and reside in your parental home. Not sure why senior citizen keeping self in 2 small room and waiting for what?

[@UmangJain-xf9vu]

Uncle is working

[@2903salman]

Medical facilities

[@mradulo77]

In Villages poor hospitals.. u dont get maids..so if u hv money its better to stay in cities than moving to village....this is sad part of India..now in Villages many r moving to flat system so neighbour's can know u . And there is security in the Building 24 hrs..

[@drm9514]

@@2903salman , this is myth and myopic point for not moving out of comfort and monotonous life. None of the aged people go to hospital everyday. They go may be just once in a month. That can be managed by own vehicle to near by city.

[@drm9514]

@@UmangJain-xf9vu then it is fine

[@KAI-rf9ee]

These things happening even today!! RERA is favoring Builders still,, no hopes!!

[@rohitgladiator]

please leave shoes outside

[@Camera7Productions]

This Uncle looks like the uncle in the movie UP

[@AttyDG]

True

[@generalthoughts123]

What a gentlemen. Grandma is awesome person .

[@KAI-rf9ee]

Say what you may, it’s your fate as destined!! It’s important to stay happy with what you have. 🙏

[@arunchandwaney449]

Damn 80k for that apartment. One could rent a hi end apartment or a bunglow in 80k in Pune.

[@ashudhar]

1.1 lakh now

[@deepakprasad4027]

Wonder how much is the fees in Scottish?

[@wilsonvaldeiro8912]

RNA is a reputed builder it's sad this gentleman got stuck

[@amitbarc]

Umcle is a cheerful guy & worth emulating

[@Rit799]

Rents this high, only makes me Laugh. My colleagues in Mumbai also pay rent of 50k-60k for basic houses.

[@mady5647]

I think rents will slowly normalize with respect to incomes as metro/transport infra improves.

[@Rit799]

@@mady5647 In Mumbai, people are Mad about "Vibe", "Status Symbols". Therefore they prefer to live in subpar apartments in Bandra at High rents Even if Infra improves, it won't change.

[@rajeshbobba3851]

Retired people should settle in District Headquarters of their native place and stay connected with their roots.

[@sachinp3437]

How come you wearing shoes inside house?

[@fionastays]

Probably his socks may be stinking so he isn't removing his shoes😂

[@luvhardik1]

Let's Raise Awareness Of Muscular Dystrophy This September #voiceofmusculardystrophy

[@arien6033]

Please sir do one more detail vlog with Sir kumar interms of his shipping career for the gen Z. Thanks

[@KuramaUchiha-id1ow]

I love the grounded reality of this channel!!! *Retirement took a toll on my finances, but I really thank God I am so excited with my involvement in the digital market, $37,000 weekly returns has been life changing.* AWESOME GOD❤️

[@KuramaUchiha-id1ow]

Only God knows how much grateful i am. I now own a new house and my family is happy once again everything is finally falling into place!!

[@babytruca02]

Hello how do you make such from the digital market weekly?? I feel so down of myself because of low finance.

[@KuramaUchiha-id1ow]

@@babytruca02Maria Angelina Alexander I really appreciate her efforts and transparency.

[@KuramaUchiha-id1ow]

Giving her my initial savings of $15,000 to invest in a brokerage account was a turning point in my life less 7days. It's been an incredibly rewarding experience.

[@KuramaUchiha-id1ow]

God has used her to save so many families. I remember when I met her at the bank, she was indeed a good woman.

[@boogabooga223]

The builders are really crooks for drowning someones hard earned money. The builders should really be jailed for doing this to common man.

[@terabhaiultrasexy]

jail is a small punishment for what they've done

[@shrishaacharya4493]

I think they should immediately cut down on rent and move to suburbs.....do some damage control.....save on rent and invest the saved amount in mutual funds.

[@agoodfilter7139]

What sort of view do windows have.

[@peaceharmony6529]

You have no manners to remove shoes before entering in someone's house ,is it ? Disgusting

[@fionastays]

Probably his socks may be stinking so he isn't removing his shoes😂

[@jkarthickraman6182]

If he has retired from SCI..his pension shd be more than 1 lakh

[@UmangJain-xf9vu]

Plus he is still working on private assignment...he must be earning easily 3-4 lacs a month plus free medical from sci

[@annpinheiro2918]

You dont want to.down size and want amenities but crib about the rent ...

[@aabb-up3jn]

Very true

[@dhavaltrivedi5344]

Pocking question on loosing money on stalled building is not good . Its painfull just taking detail is sufficient.Why digging deep .

[@Milkyway248-p4h]

It is good in some way. Brings attention to the matter that builders are not trust worthy.

[@wizarddon]

1 lak for 1200 sft .. get out of Mumbai guys .

[@xploit811]

The host should stand still when talking to people instead of moving back and forth and placing hands in his pockets etc, just doesn't look nice.

[@ArandomIndian30]

Remove your shoes bro !!! ❌

[@SPWAW6111]

They should move to the suburbs, good schools are available everywhere. It is absolutely ridiculous to stay in an area just because one is too used to it while spending such premium rent.

[@bag9845]

I was retired from State Government after 34 years of service. I used to stay in government quarters. I couldn't buy an alternative accommodation due to high rates property.

[@aloktiwari8456]

You should buy in outskirts

[@anilk3572]

How buying a property make him a tenant

[@sanjeevsharma9998]

Uncle is happy though he got a very bad deal. Life is like that.

[@prafullaingole6122]

This gentleman and his family got so much accustomed to the rented flat and location. I don't think he would shift to his own flat in Goregaon once it is ready.

[@ReachBollywood]

Uncle 1 crore bharne se acha. Better aap Thane Mein Aa jaate. Isse half to half rent Mein jee lete yaha

[@ycmou1]

Dirty news editor no manners can't remove shoes outside

[@Orque01]

Ads 😂

[@gaurav6688]

But uncle ne refund nahi manga kya builder se. 2014 me tog rera aya tha. Same thing mere dost ke sath hua tha, he got his money back.

[@aabb-up3jn]

Irrelevant video. Money Control has run out of ideas. Or the gentleman has a jugaad to be featured in a long boring video. I empathise if someone has lost money as the builder has scammed. But no sympathy for someone who is cribbing about rents in Prabhadevi. That area is not for PSU retirees. SCI should ideally be de-invested by the government.

[@kumaranurag132]

Pleae also cover prooperties of Delhi/NCR. You cover mostly Mumbai's properties.

[@terabhaiultrasexy]

it depends on people willing to call them for the tour, more people in Mumbai and Bangalore are cool being "tenants" and don't take it as an ego hit unlike Delhi where everyone loves to show off

[@Er_DeepakMalik]

Content found for" Sango life sutras"channel

[@neelamdesai8489]

Nice episode as usual....

[@MsAkash1994]

Property dekh k khareedoo

[@munikiran9]

We need this kind of learning . Especially blr, lot of IT people coming from different states and investing in the wrong builders, please make a vedio in blr.. Nitesh and Mantry cheated lot of It people

[@tradingwizard562]

Landlords should charge reasonable rent . Max rent of 70k to 75k for mumbai and location for 3bhk is fine , but 1.1L is on way higher side .

[@aabb-up3jn]

It's a 5 crs property. The rent is pegged to that.

[@ritaranee4787]

Pocking 😂😂😂

[@krnsrth]

If you have money, always go for ready possession property...

[@user-tm9om9qh3j]

Prabhavdevi 1.1 lakh for this old house and disguisting bathrooms not worth at all !!!!!!

[@Techtips200]

He should relocate to other city with better air for rest of his life ...rather than wasting money on rent

[@viz8746]

Not even $1500😂🎉